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2023-TIOL-NEWS-133 Part 2 | June 08, 2023

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INCOME TAX

2023-TIOL-725-ITAT-PUNE

JCIT Vs Mahratta Chamber Of Commerce Industries & Agriculture

Whether when the activities are carried out in the course of actual carrying on objects of general Public Utilities, the quantum of receipts shall exceed 20% of the total receipt - NO: ITAT

- Revenue's appeal allowed: PUNE ITAT

2023-TIOL-724-ITAT-PUNE

Amit Abhay Chordia Vs ITO

Whether late fees u/s 234E of Act can be levied only prospectively w.e.f. 01. 06.2015 - YES : ITAT

- Assessee's appeal allowed: PUNE ITAT

2023-TIOL-723-ITAT-MUM

JCIT Vs Yashmaan Pathak

Whether when there are Sundry Creditors appearing in the balance sheet, it entails invoking of provision of section 41(1) automatically - NO: ITAT

- Revenue's appeal dismissed: MUMBAI ITAT

 

 

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NEWS FLASH

Air fares down by 14% to 61% after Govt steps in: Scindia

MPC goes for no change in repo rate; GDP growth projected to be 6.5%

TOP NEWS

Coal Ministry issues Vesting Orders for 22 Coal Mines

Govt organizes webinar on Non-Alcoholic Fatty Liver Diseases to empower Medical Officers

'Agni Prime' ballistic missile successfully flight-tested by DRDO

MoS chairs review meeting of Cannabis Research Project at Jammu

CIRCULAR

it23cir08

Revision of exceptions to monetary limits for filing appeals deferred under provisions of Section 158AB

NOTIFICATION

cnt41_2023

CBIC revises exchange rate of Turkish Lira

dgft23pn013

Import of Watermelon Seeds under ITC(HS) 12077090 of ITC(HS), 2022 Schedule-I (Import Policy) for the period up to 31.10.2023

dgft_trade_notice_07_2023

Implementation of Hon'ble Supreme Court direction in judgment dated 28.04.2023 in matter of Civil Appeal No. 290 of 2023 = 2023-TIOL-45-SC-CUS relating to 'pre-import condition'

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